AGI Greenpac Ltd. to Set Up New Container Glass Plant in Madhya Pradesh

AGI Greenpac Ltd. has approved the setting up of a new Container Glass Plant (Greenfield Project) in Madhya Pradesh. The project entails a capital expenditure of approximately Rs.700 Crores and is expected to address demand and supply gaps, increase the use of glass packaging as a sustainable solution, and provide strategic location and market access. The proposed capacity is a 500 TPD addition, which is to be added within 2 years. The mode of financing is debt : equity - 70:30.